Bitcoin halving in 43 days: crypto traders are hesitant

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In about a month and a half, 43 days to be precise, the crypto world will witness one of the most significant events: the next bitcoin (BTC) halving. This rare event only takes place once every four years. It will halve the reward miners receive for their computing power, making BTC even scarcer.

As we prepare for this important milestone, it is important to understand the importance of this event. The consequences can be significant. Curious about what it feels like to mine bitcoins yourself? At the end of this article we explain how you can easily get started generating bitcoins.

Good preparation for bitcoin halving is important

The bitcoin halvings are crucial events that directly influence the supply of new bitcoins that come into circulation. With the upcoming halving in April 2024, the block reward will drop from 6.25 to 3,125 bitcoins.

What does the halving do to the price?

This reduction in the supply of new coins could potentially lead to a price increase, provided the demand for bitcoin remains stable or increases. Historical data shows that the price of bitcoin often rises significantly in the period surrounding a halving, although this is no guarantee for the future.

The halving is so special because of its contrast to fiat currencies such as the dollar and the euro. Central banks can theoretically continue to print money indefinitely. With a maximum supply of 21 million bitcoins, each halving introduces a new level of scarcity. This scarcity is a key aspect of bitcoin’s value and could make it even more attractive in the long run.

Bitcoin mining in 2024

The bitcoin halving in April promises to be a key moment in the evolution of cryptocurrency. Do you want to take full advantage of this moment? Perhaps it is not a bad idea to consider mining bitcoin yourself.

With the Dutch Rollman Mining it is no longer necessary to have in-depth prior knowledge or extremely deep pockets. Anyone can start mining bitcoin at Rollman Mining without leaving home. And as the icing on the cake, Rollman Mining, in collaboration with Crypto Insiders, offers a discount of 500 euros on your first purchase.

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